Partial amendment to RESTRICTION OF SPECIAL LOCAL TAXATION ACT

Under the current law a person who raises three or more children under the age of 18 is exempted fro...

Under

,

the

,

current

,

law

,

person

,

who

,

raises

,

three

,

or

,

more

,

children

,

under

,

the

,

age

,

of

,

18

,

is

,

exempted

,

from

,

acquisition

,

tax

,

for

,

one

,

vehicle

,

acquired

,

by

,

December

,

31

,

2024

,

but

,

the

,

limit

,

of

,

reduction

,

or

,

exemption

,

is

,

14

,

million

,

won

,

for

,

passenger

,

cars

,

with

,

fewer

,

than

,

seven